Halloween Events in Windermere and Winter Garden

October 16th, 2014

Halloween is just around the corner and if you are looking for safe fun events for your little Trick or Treaters be sure and check these out:

Windermere, Florida
In the downtown area of Windermere on Friday October 24th there is a Halloween Movie Night! The movie for the evening will be “Hotel Transylvania”.

“Hotel Transylvania, is Dracula’s lavish five-stake resort, where monsters and their families can live it up and no humans are allowed. One special weekend, Dracula (Adam Sandler) has invited all his best friends – Frankenstein and his wife, the Mummy, the Invisible Man, the Werewolf family, and more – to celebrate his beloved daughter Mavis’s (Selena Gomez) 118th birthday. For Dracula catering to all of these legendary monsters is no problem but the party really starts when one ordinary guy stumbles into the hotel and changes everything!This is an animated movie rated for the whole family.”

The monthly Food Truck Event is also on this night, so bring your coolers, chairs and blankets and join your neighbors for a great evening under the stars.

On Saturday the Town of Windermere and the Parks and Recreation Department is hosting a Halloween Hayride and Costume Parade. This is sure to be a fun day for the family.

Winter Garden

The following weekend on Friday October 31st from 6 – 8:30 pm the merchants in Downtown Winter Garden are hosting the “Hallowenfest” bring the little ones to Trick or Treat along Plant Street. There will also be live music in the Park so plan on having a great evening.

Zeigler Realty Group wishes you and your family a fun and safe Halloween.

30 Year Interest Rates lower than 12 months ago!

October 13th, 2014

The weekly interest rate survey for 30 year and 15 year mortgage rates as reported by Freddie Mac show that rates are lower than last year at the same time. The average 30 year rate for the week ending October 9, 2014 was 4.12% vs 4.25% last year. Great news for home buyers and home owners desiring to refinance. As you may recall from a previous post in this blog, if rates were to increase 1% for a 30 year mortgage to 5.12% the monthly mortgage payment would increase 12% for the life of the loan!

Mortgage Interest Rates below prior year.

Mortgage Interest Rates below prior year.

We can assist you in finding a mortgage source that will work with you to identify the mortgage product that best meets your needs.

Largest Food Truck Event in Central Florida!

October 1st, 2014

Mark your calendar for Sunday October 5, 2014 for one of the largest Food Truck events in Central Florida. The event is being held at “The Pines of Windermere” a beautiful park owned by OUC located on the shores of Lake Down. (the address is 8409 Maguire Road, Windermere) 60+ Food Trucks will be competing in the Hula-licious Cook Off Event. Trucks will compete in a number of categories with judging by notable chefs, food and beverage professionals and food editors.

In addition to the Food Truck Cook Off Events there will be live music and fun events for the kids. A supervised “Kids Zone” play area will be set up for children younger than 13, with a $10 wristband purchase.

Attendees will have a chance to vote for the “Grand Peoples’s Choice Award” so make sure to come out and support your favorite Food Truck.

The event will begin at 11 am and end at 7 pm. Bring your lawn chairs and blankets and come for lunch and stay for dinner.

Luxury Home Construction Trends

January 29th, 2014

The following article appeared in today’s edition of Florida Realtor News.

WASHINGTON – Jan. 28, 21014 – During the recent recession, interest in large and expensive homes dropped dramatically as homebuyers showed preferences for smaller, more affordable homes.

But luxury home features once again appeal to house hunters, as the affluent buyer steps back into the market. In July 2013, sales of homes costing more than $1 million rose 46.6 percent from the previous July.

“The housing market is being driven by the move-up buyer, the luxury buyer,” Brad Hunter, chief economist and director of consulting at Metrostudy, told The New York Times. “And those who have strong incomes, secure jobs, their stock portfolio is doing well – they are able to buy whatever they want. And what they are buying is larger houses.”

In 2007, the median size of new homes built for sale peaked at 2,295 square feet. That number fell to 2,159 square feet in 2009. But in 2012, new-home size increased to a new peak of 2,384 square feet, according to the National Association of Home Builders. What’s more, about 41 percent of new homes had four or more bedrooms, up from 34 percent in 2009.

Homebuilder Toll Brothers, which caters to the luxury market, reported its revenue rose 65 percent in the fourth quarter over last year’s numbers. The average sales price of Toll Brothers’ homes rose 21 percent during that time too.

Homes with the largest kitchens and most expansive master suites are the top sellers nowadays, says Tim Gehman, design director at Toll Brothers. “It’s a matter of how large and impressive those two features are and how much buyers can afford,” Gehman says.

Also, affluent buyers seem to be lured to established suburban communities that are near job centers and have good schools. They are showing less interest in the large homes – often dubbed “McMansions” – in the exurbs that were popular during the housing boom years, says Lawrence Yun, the National Association of Realtors®’ chief economist.

Source: “In Housing, Big Is Back (Not Counting the Extras),” The New York Times (Jan. 25, 2014)

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Know Your Numbers: Metro West Real Estate Stats for 2013 vs 2012

January 24th, 2014

The following tables include the Key Real Estate stats for the Metro West/Orlo Vista area, zip code 32835. This area includes a large number of multi-family properties, thus the need for 2 tables. The first table includes stats for all Property types and the second table includes Key Real Estate Stats for just Single Family Home Sales.

MetroWest Real Estate Stats All Property types 2013 vs 2012

Metrowest Real Estate Stats - SF only - 2013 vs 2012

Insights:
Over 50% of the property sales in this zip are multifamily sales. Multifamily and Single Family Home sales experienced similar increases in Average and Median Sales Price, 20% and 26% respectively. The Average Selling Price increased from $180,531 to $217,125. On average the 2013 Single Family Home Sales sold in 61 days, a 19% reduction from 2012.

The mix of inventory in the Metro West Master Planned Community, condo vs single family, and the type of sale (traditional, short sale and bank owned) impacted stats as well. The Metro West Master Planned Community has approximately 1,100 single family homes and 5,300 condominiums as well as 2,900+ apartments.

Metro West is a desirable Master Planned Community due to its central location, shopping and dining, schools, proximity to Valencia College and access to theme parks. It is just a short drive to Universal Theme Park and Resorts. The Metro West Golf course, a local favorite, recently completed a major update to all 18 greens and every bunker. As previously noted there is a diverse mix of Housing and Community options in 32835. The area experience a building boom in condominiums prior to the downturn and experienced a high level of defaults, which in recent years have been acquired by investors.

Whether you are Buying or Selling let us help you understand the Real Estate Value for your home and community of interest. Contact us today for a free no obligation Home Valuation.

Know Your Numbers: Winter Garden Real Estate Stats for 2013 vs 2012

January 23rd, 2014

The Winter Garden, Florida real estate market had a great 2013! Whether you are a Buyer or a Seller understanding the current market trends is critical to a successful sale or purchase.

The data in the table below highlights the Key Real Estate stats for the year ending 2013 and a comparison to 2012.

Winter Garden Real Estate Stats 2013 vs 2012

In spite of a significant increase in Properties Available for Sale, the Days on Market dropped to an average of 65 days vs 80 days last year as 58% more Homes were sold in Winter Garden in 2013 over 2012. Home prices showed strong increases for the year, with  22% and 28% increase in the Average and Median Sales Price, respectively. However,  there  is only a 3.5 month supply of homes, a healthy level for sellers.

Although interest rates have increased modestly they continue to be at historic lows, see previous Blog post regarding interest rates. The pent up demand, demographic changes, improving economic climate and consumer sentiment, changes in the mix of inventory being sold,  coupled with the desirability of living in Winter Garden, Florida are all contributing factors to increasing prices. Winter Garden covers a large geographic area in Southwest Orlando and has an excellent transportation network, great schools (public and private) abundance of shopping and dining opportunities, a variety of recreational options,  easy access to theme parks, a wide range of Housing options and large tracts of developable land for new construction.

Whether you are Buying or Selling let us help you understand the Real Estate Value for your home and community of interest. Contact us today for a free no obligation Home Valuation.

Know Your Numbers: Winter Garden Real Estate Statistics for August 2013

October 9th, 2013

Whether you are a buyer or a seller understanding the current market trends is critical to a successful sale or purchase. Market conditions are changing and knowing the current equilibrium between buyers and sellers in your market and neighborhood is critical. Market knowledge let’s buyers submit successful offers and allows sellers to maximize sales proceeds.

In this post we will focus on the Winter Garden and Oakland Real Estate markets located in zip code 34787. In August 2013 the 34787 zip code lead all 58 zip codes in Orange and Seminole Counties for total number of sales.

The following table highlights the key Real Estate stats for the month of August and makes a comparison to July and January.

Winter Garden Real Estate Stats for August 2013

Insights:
With real estate prices in Winter Garden and Oakland up 26% for the year, homeowners that have been considering selling their homes are moving off of the side lines, as evidenced by the increase in Homes Available for Sale. The Homes Available for Sale increased 14% from the prior month and 42% above the January level. Great news for Buyers!

The Average Sales price in Winter Garden has increased 26% for the year, with a negligible increase in August from the the prior month. The Average Days on Market for a listing was only 53 days in August down dramatically from July and January. The surge in Buyer demand for homes in the Winter Garden market has resulted in many sellers receiving multiple offers. Great news for Sellers!

At current sales levels there is only a 2.3 months supply of inventory.

It will be interesting to watch these trends over the next few months to see how the dynamics shift between sellers and buyers and the impact on the rate of increases in home prices.

If you want to know the value of your home contact us today for a free market evaluation and if you are a buyer we can provide you with current market and neighborhood specific information for your area of interest.

Central Florida New Home Construction is on Fire!

September 26th, 2013

I have written about this before but it is a topic that continues to make the local news. New residential communities are popping-up all throughout the region. Anjali Fluker, Senior Business Writer, from The Orlando Business Journal reported yesterday that 5 Central Florida Builders have announced plans to build over 800 homes in the Central Florida Region. New communities were announced in all corners of the region, from Seminole County, Apopka, Winter Garden, Ocoee, Reunion Resort in Osceola County and St.Cloud. To read the full article click on this link or paste it into your browser http://bit.ly/1fqOp7l

All this bodes well for Central Florida with employment growing in the construction industry. Great to have the new home buyers visiting the big box and furniture stores again! It’s been awhile since we have heard the construction industry discuss the challenges of upward cost pressure on labor, land, building materials and backlogs for securing permits from the building departments!

For home buyers the communities provide an excellent opportunity to see the latest in building trends. Viewing model centers is a great way to learn about the latest in construction techniques, Green Building features and benefits, floor plan designs, interior design and decorating features. Visiting the model center is helpful even if you plan to purchase a traditional home. Make sure you discuss this option with your Realtor.

Florida Hospital Breaks Ground in Winter Garden

September 18th, 2013

The ground breaking was held yesterday for the new Florida Hospital health care campus in Winter Garden. The new facility will include an Emergency Room with outpatient imaging on the first floor both to be open in 2014, and the second and third floors will be used as outpatient surgery centers, with a scheduled opening in 2015. A future phase includes a seven story 200 bed hospital. The facility will be located between State Road 535 and Daniels Road near the Winter Garden Village at Fowler Groves.

The facility is expected to have a local impact of $100 Million. A great new addition to this rapidly expanding community.

Orlando Market Update – August 2013

September 18th, 2013

The level of traditional (normal) sales are lifting median sales price throughout the area. Checkout this months video: